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MI
Kalamazoo Payment in Lieu of Taxes for Affordable Housing
Kalamazoo can approve PILOT agreements to reduce property tax burdens for eligible affordable housing developments.
About this program
The City of Kalamazoo may approve Payment in Lieu of Taxes agreements to support affordable housing developments. A PILOT agreement can reduce the property tax burden for qualifying affordable housing projects, improving project feasibility and supporting housing production or preservation for low-income residents.
Eligibility
Affordable housing developers, nonprofit housing organizations, and property owners with qualifying affordable housing projects in Kalamazoo may seek City Commission approval for a PILOT.
Requirements
- Project must be located in the City of Kalamazoo.
- Project must provide qualifying affordable housing.
- Applicant must provide project scope, affordability commitments, financing plan, and requested PILOT terms.